Shares of Lexington Realty Trust (NYSE:LXP) traded today at $14.67, eclipsing its 52-week high. So far today approximately 862,000 shares have been exchanged, as compared to an average 30-day volume of 2.2 million shares.
Lexington Realty Trust (NYSE:LXP) defies analysts with a current price ($14.55) 30.3% above its average consensus price target of $10.14.
Lexington Realty Trust is a real estate investment trust principally involved in the ownership of equity and debt investments in single-tenant properties and land throughout the United States. Lexington primarily owns office and industrial properties. In terms of total square footage, the vast majority of the company’s real estate portfolio comprises industrial and office space. Lexington derives almost all of its revenue from rental income. The vast majority of its revenue comes from its Industrial property holdings.
Over the past year, Lexington Realty Trust has traded in a range of $9.82 to $14.67 and is now at $14.55, 48% above that low.
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